| Sec. | Asset transferred | Who can claim exemption | Amount
to be invested | Amount eligible for exemption | Asset in which it is to be invested and period; lock-in period | Asset transferred/ converted into cash before the lock-in period | Whether CGAS, 1988 available |
| 54 | Residential house property | Individual, HUF | LTCG arising from the transfer | The amount of capital gains utilised for this purpose. If whole of the capital gains are so utilised, the whole amount will be exempt. | Another residential house property: If constructed:
Within one year before, or two year after the date of transfer If purchased:
Within three years from the date of transfer Three years from the date of acquisition. | Cost of acquisition of new asset will be reduced by the amount of capital gains earlier exempt. The new gain shall always be a short-term capital gain | Yes |
| 54B | Land used for agriculture purpose by the transferor or his parents for agricultural purposes for at least the last two years from the date of transfer | Only individuals | Any capital gain (LTCG/ STCG) arising from the transfer | The amount of capital gains utilised for this purpose. If whole of the capital gains are so utilised, the whole amount will be exempt. | Another agricultural land within two years of such transfer date (can be rural/urban agricultural land); Three years from the date of acquisition. | Cost of acquisition of new asset will be reduced by the amount of capital gains earlier exempt. The new gain shall always be a short-term capital gain. | Yes |
| 54D | Lands and buildings used by any industrial undertaking for its business, on its compulsory acquisition under any law. Such land/building was used by the transferor for the purpose of his business for at least the last two years from the date of transfer | Any industrial undertaking | Any capital gain (LTCG/ STCG) arising from the transfer | The amount of capital gains utilised for this purpose. If whole of the capital gains are so utilised, the whole amount will be exempt. | Purchase and/or construction of another land/buildings within a period of three years after the date of compulsory acquisition; Three years from the date of acquisition | Cost of acquisition of new property will be reduced by amount of capital gains exempt earlier. The new gain shall always be a short-term capital gain. | Yes |
| 54EC | Any long-term capital asset | Any tax payer | LTCG arising from the transfer | The amount of LTCG utilised for this purpose. If whole of the LTCG are so utilised, the whole amount will be exempt. | Any bond redeemable after three years issued, on or after: a)April 1, 2000, by NABARD or National Highways Authority of India. b)April 1, 2001 by NABARD or National Highways Authority of India or Rural Electrification Corporation Ltd.; Three years from the date of acquisition. | Long-term capital gains earlier claimed exempt will be treated as the long-term capital gains of the year of the transfer/ conversion into money | No |
| 54ED | Long-term capital asset being listed securities or units | Any tax payer | LTCG arising from the transfer | The amount of LTCG utilised for this purpose within six months from the date of transfer. If whole of the LTCG are so utilised, the whole amount will be exempt. | Eligible issue of capital, that is, an issue of equity shares satisfying following conditions: a) the issue is made by a public company formed and registered in India; b) the shares forming part of the issue are offered for subscription to the public; One year from the date of acquisition | Long-term capital gains earlier claimed exempt will be treated as the long-term capital gains of the year of the transfer/ conversion into money | No |
| 54F | Any capital asset other than a residential house | Individual, HUF # | Net sales consideration arising from the transfer | Proportionate LTCG (See note below). If whole of the net sales consideration are so utilised, the whole LTCG will be exempt. | One residential house property. If constructed:
Within one year before, or two year after the date of transfer of such asset. If purchased:
Within three years from the date of such transfer; Three years of purchase or construction. | Cost of acquisition of new asset will be reduced by the amount of capital gains earlier exempt. The new gain shall always be a short-term capital gain. | Yes |
| 54G | Land, building plant and machinery owned by an industrial undertaking. | An industrial undertaking, on its shifting out of an urban area | Any capital gains (LTCG/STCG) arising from the transfer | The amount of capital gains utilised for this purpose. If whole of the capital gains are so utilised, the whole amount will be exempt. | Amount should be used for specified purposes. See note below; Three years from the date of acquisition | Cost of acquisition of new asset will be reduced by the amount of capital gains earlier exempt. The new gain shall always be a short-term capital gain. | Yes |
